Instant Insights / The Impact of Climate Change on P&C Insurance

Scientists have built consensus around the probability that more powerful floods, fires, droughts and storms will occur with higher frequency as the Earth gets hotter.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Washington, D.C., April 29, 2017: Thousands of people attend the People's Climate March to stand up against climate change. (Photo: Shutterstock) Washington, D.C., April 29, 2017: Thousands of people attend the People’s Climate March to stand up against climate change. (Photo: Shutterstock)

Over the weekend, demonstrators called on the insurance industry to act on climate change outside the National Association of Insurance Commissioners (NAIC) national meeting in New York City, the first meeting since Chubb became the first U.S. insurer to stop underwriting the construction or operation of new coal-fired plants to combat climate change.

Representing a variety of environmental and community groups, such as Mothers Out Front, Divest Invest, Greenpeace and New York Communities for Change, demonstrators dressed as insurance company mascots and handed out fliers to meeting attendees. The fliers called on insurers cut ties with fossil fuels by ending insurance coverage and investments for coal and tar sands projects and companies, and scale up investments and insurance for clean energy.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

More from this author


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.